3 Reasons This Stock Market Rally is Toast…Like, Right Now

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After Friday’s close, we muttered about our current S&P 500 short position – and while the entry was certainly mistimed from a short term perspective, we do expect this position to be a winner eventually.  At least that was our thinking going into a nice summer weekend of beer drinking and pool carousing. And now […]

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What a pathetic showing by the S&P 500.  It’s been completely unable to rally despite an extremely oversold condition. Our original price target for the S&P rally was 1091-1123.  We rallied into the lower end of that range, reversed, and that was it. When stocks can’t maintain a countertrend bounce (and also when that bounce […]

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